Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 376,368 shares of the scientific and technical instruments company's stock after purchasing an additional 17,785 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.15% of Trimble worth $26,560,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. acquired a new stake in shares of Trimble in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new position in Trimble in the fourth quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble during the 4th quarter valued at approximately $36,000. TD Private Client Wealth LLC boosted its stake in shares of Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 520 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after acquiring an additional 422 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.
Trimble Trading Down 8.4 %
Shares of NASDAQ TRMB traded down $5.61 during midday trading on Thursday, reaching $60.90. 800,179 shares of the stock were exchanged, compared to its average volume of 1,375,923. The stock has a 50 day moving average price of $71.53 and a 200-day moving average price of $69.14. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $14.97 billion, a P/E ratio of 10.00, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78.
Insider Buying and Selling
In related news, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the firm's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the sale, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is owned by insiders.
Analyst Ratings Changes
A number of analysts have commented on the company. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a research report on Thursday, February 20th. StockNews.com lowered shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Robert W. Baird raised their target price on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price for the company in a research report on Monday, December 16th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $86.00.
View Our Latest Research Report on TRMB
Trimble Company Profile
(
Free Report)
Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.
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